24) On November 3, FDN Trading sold merchandise for P170,000 less 10-5 on terms 3/10 2/20 n/30. Two days after, the customer returned P10,000 worth of defective goods. On November 13, the customer made a partial payment of P80,000. The account was finally paid in full on November 23. How much cash was received by FDN Trading on November 23?

25) The total assets of the business amounted to P1,500,000 and liabilities amounted to P200,000. The owner withdrew cash amounting to P30,000. How much is the total liabilities and owners equity after the withdrawal?

26) During the period, FDN Trading issued another promissory note for an additional loan of P66,000 and made total payments of P74,000. At the end of the period, FDN Tradings notes payable had a balance of P160,000. How much is the beginning balance of the notes payable?

27)FDN Trading recorded the following events involving a recent purchase of merchandise:

Received goods for P49,000, terms 4/10, n/30.

Returned P600 of the shipment for credit.

Paid P200 freight on the shipment on terms FOB Destination Point.

Paid the invoice within the discount period.

How much is the net cost of purchases?

28)

FDN Trading had the following selected transactions on November 5:

Purchase of furniture on account, P26,000

Purchase of merchandise for P29,000 less 10 on terms 30% down and the balance 2/10 n/30

Sale of merchandise for P50,000 for cash.

Paid for the repair of one air-conditioning unit, P3,280.

Collected a customers account, P15,880

How much was the total amount credited to Cash?